Louis Chenevert served as the CEO of a large Fortune 500 company United Technologies Corporation for over two decades and left a legacy of great stewardship with the company that propelled that company to the top of the airline engine manufacturing industry. The manufacturing and design of aircraft engine is a very competitive industry and requires forethought, investment, and patience from company leadership. Before Louis Chenevert left UTC, the company was solidified in a great position for the future. (Read Louis Chenevert’s Business Successes Past, Present and Future)
Through Investments made and forethought made by Louis Chenevert, UTC began the process of innovation and stretching the paradigm of where aircraft engines and the manufacturing of them could achieve. Even to this day, employees at United Technologies Corporation still look back at some of the decisions and forethought of Louis that translated into opportunities for success today. Over the ten 10 years at United Technologies Corporation, Chenevert had the foresight to invest 10 billion dollars over two decades into the redesigning of jet engines. This changed the industry in countless ways. Tens of thousands of jobs were created, and billions of dollars of additional revenue were brought into the company, as a result of the decisions. Read This Article for more information.
The airline industry would not be the same without Louis Chenevert’s investment in the future, all while maintaining the overall health of the company. All future advancements require aggressive research and development investments today in order to reap the benefits later. Under the stewardship of Lewis, United Technologies Corporation reduced fuel consumption by 16% and Emissions by 50% and GTF is now flown by more than 14 Airline on over 70 aircraft that investment. The gains the company has generated in market share revenue and profit margin have been a result of the forethought and keen insight of Louis Chenevert to see and create a bright future through ideas, innovation and a legacy of great stewardship at United Technologies Corporation.